# Kahn Brothers portfolio: Q2 2026 13F holdings | moatshark

Andrew Kahn and Thomas Kahn’s Kahn Brothers: $633m in 48 US holdings at Q2 2026, with buys and sells.

In Q2 2026, Kahn Brothers held 48 US-listed stocks worth $633m. Its biggest move was adding to Mbia (105% more shares, now 4.3%), followed by cutting Seaboard (8% fewer shares, now 3.8%). It started 1 new position and sold out of 1. Its largest holding is Citigroup at 19%.

13F for the quarter ending 2026-06-30, filed 2026-08-17 ([filing](https://www.sec.gov/Archives/edgar/data/1039565/000103956526000006/0001039565-26-000006-index.htm)). $633m in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Citigroup (C) | $117m | 18.5% | Trimmed -0.5% | 16.9% |
| Bayer AG Spons (BAYRY) | $89.3m | 14.1% | Added +0.1% | 13.3% |
| Flagstar Financial (FLG) | $60.9m | 9.6% | Trimmed -0.2% | 9.5% |
| Alphabet (GOOG) | $42.7m | 6.8% | Trimmed -0.9% | 6.2% |
| Zillow Group (Z) | $37.3m | 5.9% | Added +117% | 4.0% |
| Organon & Co (OGN) | $36.2m | 5.7% | Trimmed -52% | 5.9% |
| Walt Disney (DIS) | $34.6m | 5.5% | Trimmed -5.2% | 6.5% |
| Merck & Co. (MRK) | $28.0m | 4.4% | Trimmed -4.0% | 4.8% |
| Mbia (MBI) | $27.5m | 4.3% | Added +105% | 2.1% |
| Seaport Entertainment Group (SEG) | $24.4m | 3.9% | Added +2.7% | 3.4% |
| Seaboard (SEB) | $24.1m | 3.8% | Trimmed -8.2% | 5.9% |
| BP (BP) | $23.1m | 3.6% | Added +0.4% | 5.2% |
| Idt (IDT) | $20.5m | 3.2% | Trimmed -5.6% | 3.2% |
| Patterson-Uti Energy (PTEN) | $15.3m | 2.4% | Trimmed -1.6% | 3.3% |
| Pfizer (PFE) | $11.2m | 1.8% | Trimmed -4.3% | 2.4% |
| Bristol-Myers Squibb (BMY) | $10.0m | 1.6% | Added +2.2% | 1.8% |
| GSK (GSK) | $8.3m | 1.3% | Trimmed -1.6% | 1.6% |
| Exxon Mobil (EXMOC) | $2.4m | 0.4% | Trimmed -3.3% | 0.6% |
| Genie Energy (GNE) | $2.2m | 0.3% | Trimmed -13% | 0.4% |
| Novartis (NVS) | $2.1m | 0.3% | Trimmed -1.5% | 0.4% |
| Fairfax Financial Holdings (FRFHF) | $1.7m | 0.3% | Unchanged | 0.3% |
| CSX (CSX) | $1.7m | 0.3% | Trimmed -4.7% | 0.3% |
| First Natl BK Alaska (FBAK) | $1.6m | 0.3% | Unchanged | 0.3% |
| Tourmaline Oil (TRMLF) | $1.1m | 0.2% | Unchanged | 0.2% |
| JPMorgan Chase (JPM) | $942k | 0.1% | Added +2.1% | 0.1% |
| Apple (AAPL) | $895k | 0.1% | Unchanged | 0.1% |
| Microsoft (MSFT) | $809k | 0.1% | Added +3.6% | 0.1% |
| Sei Investments (SEIC) | $579k | 0.1% | Unchanged | 0.1% |
| Haleon (HLN) | $544k | 0.1% | Added +3.4% | 0.1% |
| Bank of America (BAC) | $539k | 0.1% | Unchanged | 0.1% |
| Peyto Expl & Dev Corp New (PEYUF) | $522k | 0.1% | Unchanged | 0.1% |
| Rafael Holdings (RFL) | $494k | 0.1% | Added +157% | 0.0% |
| Windrock (WRLC) | $444k | 0.1% | Added +50% | 0.0% |
| International Business Machines (IBM) | $345k | 0.1% | Unchanged | 0.1% |
| Deutsche Bank Aktiengesellschaft (DB) | $338k | 0.1% | Unchanged | 0.1% |
| Webster Finl (WED) | $332k | 0.1% | New | – |
| PNC Financial Services Group (PNC) | $330k | 0.1% | Unchanged | 0.1% |
| Chevron (CVX) | $324k | 0.1% | Unchanged | 0.1% |
| Orange County Bancorp (OBT) | $294k | 0.1% | Unchanged | 0.1% |
| Public Service Enterprise Group (PEG) | $286k | 0.1% | Unchanged | 0.1% |
| Blackstone (BX) | $271k | 0.0% | Unchanged | 0.1% |
| Antero Midstream (AM) | $269k | 0.0% | Unchanged | 0.1% |
| Procter & Gamble (PG) | $257k | 0.0% | Trimmed -5.4% | 0.1% |
| Pepsico (PEP) | $244k | 0.0% | Unchanged | 0.1% |
| Zedge (ZDGE) | $242k | 0.0% | Added +0.3% | 0.0% |
| Verizon Communications (VZ) | $241k | 0.0% | Unchanged | 0.1% |
| Pine Cliff Energy (PIFYF) | $209k | 0.0% | Unchanged | 0.0% |
| Comcast (CMCSA) | – | – | Sold out | 0.0% |
| Tphgreenwich Trust Uni | $0k | 0.0% | Unchanged | 0.0% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/kahn-brothers). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.